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Trading Strategies Evolution: Copy Trading


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In 2019, the biggest pain point in the futures market was the influx of inexperienced traders who frequently faced liquidation due to their inadequate trading skills. These inexperienced traders were then lured by various KOLs (Key Opinion Leaders) and signal providers to unreliable exchanges, where they were once again taken advantage of. Under this complex situation, these novice futures traders suffered greatly. 

Users priority is very important in ranking centralised exchanges and expression of concerns for inexperienced traders gave rise to the innovation of Copy trading. Since then, it has helped both new and experienced traders to navigate and implement their trades saving time and making profits in a very adequate path. Crypto copy trading is an innovative strategy for anyone to automatically duplicate the particular transactions of proven elite crypto investors, automating the entire crypto trading process.

Certain major exchanges like Bitget and Bybit have popularly made this feature available for users. Investing in cryptocurrencies requires many hours of time and investigation. You must be able to find “hidden germs” and trading opportunities and manage each trade, which takes even more time and emotional control. Copy trading in crypto eliminates the need for all of this labour. It enables anyone, regardless of experience or talent, to profit from crypto market investments without investing time.

Taking Bitget as case study, Bitget was a pioneer in product innovation and introduced a one-click copy trading feature. This feature allows novice users to automatically copy elite traders' opening and closing trades meaning they can replicate the buys and sells of top traders from the Bitget leaderboard, which presently lists 500 winning traders with a proven track record of success from around the globe. Some have a return on investment (ROI) that exceeds 10,000%.. The entire process was transparent, and the elite traders would earn a portion of the copied trades, a win-win-win strategy.

By pioneering the copy-trading product, Bitget established a solid position in the derivatives market and continued to refine its product design while quietly accumulating strength, eventually seizing its own opportunities. The latest report for the second quarter still shows Binance, OKX, Bybit, and Bitget as the top four players in the derivatives market, with little difference among the latter three. 

Copy trading has generally has made users to make profits easily and has contributed immensely to the market making a great positive impact in crypto.

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Considering how overwhelming the crypto space can be, I think the introduction of Copy trading has been a hit, and a plus for Bitget as the biggest Copy trading CEX. Perhaps one of their biggest strengths and attraction for users even in an unstable market.

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Copy trading is now an integral part of crypto because that's the easiest way new and novice users can benefit from the industry without needing to know the nitty gritty of trading. It's great to see that exchanges are working assiduously to improve the features and enhance better experience for users and exchange like Bitget has really stood out. With over 110,000 elite traders to select from, users have a wide range of options to select the kind of traders that align with their investment strategy and risk management which is a very important aspect to consider when using this features. 

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Copy trading is an incredibly time-saving investment choice for newcomers. Recently, I've been hearing a lot of buzz about Bitget's copy trading. Especially since they disclosed their amount of realized PnL of $350M. This is likely bcz they have a huge number of professional traders

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  • 4 months later...
On 04/12/2023 at 11:44, jaimepirvinoi said:

The buzz is real, especially with them revealing a whopping $350M in realized PnL.  That's some serious action!

Seems like their success might stem from having a vast pool of professional traders on board. For newcomers, copy trading is a fantastic time-saving investment choice. 

Now, while we're on the topic, I'm curious – what are the best ways to learn how to day trade? Share your insights! Let's create a knowledge pool to help each other navigate the trading waters. 

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